DEFENCE PLANNING COMMITTEE
Ukraine scrambles for money to fight war as Russian strikes batter economy
Kryvyi Rih, the hometown of President Volodymyr Zelenskiy, is severely impacted by Russian airstrikes disrupting economic activities. The city's largest employer has halted operations, contributing to a dire financial situation. Ukraine faces a significant budget crisis requiring $56 billion for this year to address military and economic needs. Delayed foreign aid adds to the challenges in funding essential services and defense spending.
Trump administration sued over alleged restrictions on overseas Americans’ voting access
The Democratic National Committee has sued the Trump administration over changes to an overseas voter registration form that it says could make it harder for some US citizens who have never lived in the country to register to vote. The lawsuit argues the Pentagon improperly removed a longstanding option used by such voters, potentially affecting thousands of overseas Americans ahead of the midterms.
The road ahead for Volkswagen's restructuring: Explained
Volkswagen is set to meet regarding restructuring plans and job cuts to address financial losses. The company aims to strengthen its position in the US market, focusing on profitable vehicle segments. Additionally, unions in Germany are negotiating to protect jobs amid planned layoffs and plant closures. By 2027, Volkswagen anticipates significant capacity reductions due to low demand for certain models.
Republicans have a billion-dollar answer to Trump's weak midterm polling
Republican groups are dramatically outspending Democrats in several key Senate and House races, deploying hundreds of millions of dollars in outside advertising as the party tries to defend vulnerable seats ahead of the midterms. But the financial advantage may not fully offset voter concerns over inflation, fuel prices and Donald Trump’s economic record.
Stocks in news: RVNL, Lenskart, Mazagon Dock, Maruti Suzuki India and Nestle India
Indian equities concluded Friday's session with marginal gains, supported by softer crude prices. Several companies like RVNL and Mazagon Dock are expected to be in focus on Monday. RVNL secured a significant order from East Coast Railway for railway line works. Mazagon Dock plans a substantial investment in a new shipyard project. Lenskart Solutions is anticipated to see a large block deal transaction.
Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge
Indian equity benchmarks exhibited a mixed performance on Thursday, September 17, amid ongoing volatility. The Nifty 50 index experienced a modest increase, while the Sensex noted a slight decrease. Corporate developments drew attention to Tata Group firms and Wipro, with Bharat Electronics securing fresh orders and Petronet LNG initiating discussions for a joint venture. Other notable advancements came from HAL and Bharat Forge.
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Stocks in news: Tata Group stocks, HDFC Bank, Coforge, HFCL, Sun Pharma and Varun Beverages
On September 11, Indian stock markets experienced a remarkable bounce back after an initial dip at opening. Key index heavyweights attracted selective buying, which limited the day’s overall losses. Major players like HDFC Bank and IT sectors remained in focus amid relevant corporate announcements. Additionally, SEBI's discussion paper regarding the Closing Auction Session received input on five critical areas.
Andhra Pradesh clears decks for new defence, warship building unit
Andhra Pradesh has approved a new defense and warship facility at Machilipatnam. Goa Shipyard Limited will invest ₹8,000 crore in this significant expansion project. This new facility will be the PSU's first venture outside its home base in Goa. Preparatory work begins next month, with trial production expected by January 2028. Commercial production for the first phase is slated to commence in May 2028.
School Assembly News Headlines, September 9, 2026: Top national, international, business, sports updates and thought of the day
The PM-SETU initiative highlights the approved development of ITI clusters in states like Rajasthan, Uttar Pradesh, and Telangana. Meanwhile, the Delhi Police is set to submit a chargesheet regarding the tragic death of a Manipuri musician. In international news, China expresses its support for India's leadership at the upcoming BRICS Summit, while Defence Minister Rajnath Singh embarks on a visit to Sri Lanka.
Jheeram Ghati Naxal attack: NIA court convicts all 10 accused in 2013 massacre
A significant verdict was delivered by a special NIA court, convicting all ten individuals involved in the devastating 2013 Naxal attack that obliterated nearly the entirety of Congress's leadership in Chhattisgarh. The court will determine sentencing on September 16, after a thorough trial featuring 101 witness statements. Following the ruling, the defense attorney expressed plans to appeal the conviction once the judgment details are finalized.
99.97% haircut? How the scissors worked in the Subhash Chandra case
NCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claims in insolvency case. The 99.97% haircut has sparked controversy, but the claims relate to his role as a personal guarantor, not personal borrowing. Creditors can retain recovery rights against the principal borrowing companies.
Stocks in news: Tata Power, Jio Financial Services, Bharat Electronics and Hindustan Copper
Indian stock markets experienced minimal fluctuations on Wednesday, resulting in a lower close for the Nifty50. Although technical signals point to potential bearish trends, the overall outlook stays optimistic. Focus is directed towards Tata Power, which plans to challenge a recent court verdict, and Jio Financial Services, citing notable asset increases. Additionally, companies like Bharat Electronics and Hindustan Copper are navigating their own corporate maneuvers and regulatory matters.
DRDO invites pvt firms as strategic weapon partner
Defence Research and Development Organisation is inviting private companies to qualify for future weapon production. Companies will be shortlisted based on technical and financial criteria for development and production. Mandatory requirements include industrial and explosives licenses for interested firms. At least two companies will be selected for each project under a partnership model. These firms will develop prototypes and receive production orders for strategic systems.
Tamil Nadu CM condemns Karnataka forest dept 'killing' three 'Tamils', says explanation unacceptable
Tamil Nadu Chief Minister C Joseph Vijay condemned the killing of three Tamils by Karnataka forest officials. He called the explanation provided by the department unacceptable and demanded a high-level probe. The incident occurred in the Cauvery Wildlife Sanctuary area on August 15. Karnataka Chief Minister D K Shivakumar ordered a magistrate's probe and assured compensation for victims' families.
Independence Day 2026: The companies India built for business backbone enter a new chapter
2026 Independence Day: India's public sector, initially built for industrial necessity, is now undergoing a significant transformation. The government is increasingly selling stakes in state-owned companies to raise capital. This shift reflects a changing role from direct ownership to strategic shareholding. Public sector enterprises remain vital in key strategic and infrastructure sectors. The future focuses on optimizing ownership rather than complete divestment.
No personal, religious questions were asked to Ram temple trust CEO candidates
Candidates for the Ram temple CEO position underwent rigorous interviews. Their professional experience and strategic plans were thoroughly evaluated. Personal questions about liquor consumption or religious practices were not asked. The selection process involved multiple rounds of assessments and interactions. The Trust will soon announce the final candidate for the role.
Fed says too little, RBI is too predictable. Both may have a problem
The US Fed and RBI face opposite communication risks: Kevin Warsh’s reduced guidance leaves markets uncertain about how the Fed will react, while RBI’s predictable rate decisions risk convincing investors that hikes are unlikely, potentially making future policy changes more disruptive.
'Will face batons': JPSC-JSSC aspirants remain defiant after 3rd lathi charge outside Jharkhand Assembly
JPSC-JSSC aspirants protested alleged irregularities outside the Jharkhand Assembly. Police used lathi charges and tear gas to disperse the determined demonstrators. Protesters demanded a CBI probe and cancellation of the JSSC-CGL examination. Student leaders vowed to continue their peaceful and constitutional agitation for rights. The government stated it had accepted most demands within its jurisdiction.
DRDO expeditiously finalise clear, measurable key performance indicators: Parl panel on defence
A parliamentary panel urged DRDO to finalize clear performance indicators for projects. It also recommended strengthening ex-servicemen welfare and educational support for their families. The committee desires a comprehensive study on expanding educational opportunities for defense personnel's children. Migration of ECHS applications to the National Government Cloud is a welcome initiative. The panel strongly recommends increasing the defense research and development budget.
India begins efforts to join French-led sixth-generation fighter jet programme
India has begun efforts to join France's sixth-generation fighter jet development program. This collaborative approach is seen as more feasible for future combat aircraft. Discussions on this potential partnership occurred at the defense minister level. France's previous sixth-generation program with Germany faced cancellation due to disagreements. This opens an opportunity for a new India-France joint venture.
Defence ministry has initiated efforts to join sixth-gen fighter aircraft programme: Parliamentary panel
India has begun efforts to join France's Future Combat Air System program. The Defence Ministry seeks a roadmap for acquiring sixth-generation fighter aircraft. This move aims to enhance India's air domain capabilities significantly. The parliamentary panel recommended planning for advanced aircraft development. India also continues discussions for its indigenous Advanced Medium Combat Aircraft.
France submits final Rafale proposal as India moves closer to Rs 3.25 lakh crore deal
France has presented both technical and commercial proposals regarding India's acquisition of Rafale jets. This initiative significantly progresses the intended purchase of one hundred fourteen fighter aircraft for the Indian Air Force. Of these, ninety-four jets will be locally manufactured in India, incorporating a technology transfer. Additionally, twenty jets are set to be flown directly from France to address urgent requirements.
After my death, can my wife transfer our 2BHK to our son via gift deed without an NOC from our daughter?
ET Wealth Reader's Query: I own a 2-BHK flat and my wife is a joint owner. We have two children, who are settled abroad. After my death, the housing society will transfer the flat to my wife, based on nomination and my will (unregistered). After the transfer, can she sell the flat without a no objection certificate (NOC) from our children? If she doesn’t sell it, can she transfer it to our son via a gift deed without an NOC from our daughter?
Tharoor-led panel urges govt to closely monitor China's activities in Bangladesh
A parliamentary panel expressed concern over China's growing influence in Bangladesh. The committee urged India to monitor foreign powers' activities closely. India should leverage its development cooperation to strengthen its partnership. The panel also highlighted persistent challenges along the India-Bangladesh border. Enhanced surveillance and a multi-agency framework are recommended for border security.
Zelenskyy hails US Senate vote on Russia sanctions as first step to peace
Ukrainian President Volodymyr Zelenskyy welcomed the US Senate's procedural vote advancing a Russia sanctions bill. He met with over sixty senators, discussing continued US support and anti-ballistic defense. Zelenskyy also met with US President Donald Trump, which went very well. He discussed expanding defense-industrial cooperation with Lockheed Martin executives. This visit aimed to bolster Ukraine's air defense and deepen strategic cooperation.
What is Dhanush artillery gun? Indigenous 155mm howitzer whose delay has drawn PAC’s criticism
The Public Accounts Committee criticized the Ministry of Defence for procurement delays. This resulted in the Army using aging Bofors guns for decades. The Dhanush artillery gun, an upgraded Bofors version, was finally inducted in 2022. The committee highlighted structural shortcomings in the defense acquisition system. The Army now plans to order 300 more Dhanush howitzers.
General Bipin Rawat named as the country's first Chief of Defence Staff
The defence ministry had recently amended the army, air force and navy rules by bringing in a new clause that allows the Chief of Defence Staff to serve upto a maximum age of 65 years. The notification came in the backdrop of Gen Rawat retiring on December 31.
"Increase professional expertise in defence acquisition else it will be imports as usual"
One example will bring home the morass we find ourselves in. While HAL struggles to get the delayed by decades final operational clearance for the Tejas, a sixth generation fighter concept was showcased at the recent Farnborough Airshow.
A younger army: How India can move forward on defence reforms despite budgetary constraints
Modi’s India fancies itself as a “net security provider” and a “leading power” that shapes rather than reacts to policies. But its key instrument – the military – is in a parlous state.
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